The Florida Lawsuit

[Jolly]

https://citizenwatchreport.com/is-targets-woke-disaster-about-to-blow-up-corporate-america-florida-says-yes-and-theyre-coming-for-blood/

[taiwan_girl]

Kind of goofy lawsuit I think.

At the end of the day, public companies want to make money/increase their share price.

I would be very surprise if a company the size of Target did a campaign that they KNEW would cost them money, cost them customers and have no long term benefit (or even short term benefit).

That just doesnt make sense. People/the public may not agree with the strategy, but I seriously doubt it was done knowing it was a negative impact on the company along all parts.

I think you can compare their stock price to other major "retailers" that have stores (except for maybe Walmart) and they will probably show a similar stock trend.

[jon-nyc]

They could still lose a shareholder lawsuit if they thought it was risky and didn’t disclose it.

[taiwan_girl]

@jon-nyc Interesting. What does that mean exactly?

There is always some risk in starting a new product or campaign. What is required by a company?

What if a company like McDonald wants to start offering sushi in their US restaurants. What do they need to have as backup? Market studies? etc?

[Tom-K]

Good ole' Guv'nor Ron. Always up to some hijinks.

[jon-nyc]

SEC filings require disclosures of known risks. You can miss a risk, but if it was identified internally and not disclosed you can lose a suit.

By the way - Tesla has never listed Elons political activities as a risk, though it obviously is. His shares are up for now, so there’s no harm to sue for. But if they drop as a result of reduced sales, they’ll certainly get sued.

[Doctor Phibes]

If McDonald's starts selling sushi, backup will be the least of our problems.

[Tom-K]

[Doctor Phibes]